The SPD also specifies tasks EIOPA is mandated and required to undertake, its strategic objectives and priorities for 2017.
Supervisory convergence is key in a period where effective implementation of Solvency II is both a challenge and an opportunity. EIOPA is committed to deliver quality regulation and supervision in order to further build and facilitate common European supervisory culture.
The trust of consumers in the area of financial sector, including insurance and pensions, deserves being enhanced, and EIOPA is targeting a range of measures to be a key contributor to its enhancement, with the customer interest at its centre.
Coming out of an unprecedented financial crisis, that has severely affected the economy and the people, EIOPA will continue to contribute anticipating and mitigating unintended developments for the financial sector and will make use of stress tests, risk indicators and other tools to be in the frontline of actions for the insurance and pensions sectors. The ultimate goal of EIOPA is to continue bringing added value to the European financial supervision and by that contributing to financial stability and addressing the needs of European citizens.
The SPD provides information on EIOPA's goal and mandate, including deliverables and concrete business objectives. In line with EIOPA's principles of transparency and accountability, the SPD presents revenues, expenditures, staffing and organisational structure in a detailed manner. The SPD also specifies tasks EIOPA is mandated and required to undertake, its strategic objectives and priorities for 2017.
The SPD has been developed in accordance with the new requirements of the European Commission, as part of the new Financial Regulation, to enhance consistency and comparability across European Union bodies. The first part sets up the direction of the developments of EIOPA and the relevant strategic objectives and actions for the period 2017 - 2019. The second part outlines the tasks EIOPA will perform in 2017.